There has been a dramatic increase in the number of investigations into wealthy taxpayers. This trend is likely to continue, with HMRC having been provided with an additional £100m in funding, part of which it announced earlier this year would go towards its plans to employ 5,500 more compliance officers.

Recruitment for these positions is underway, and these new inspectors, and increased funding, will help HMRC to achieve its mandated goal of increasing its number of prosecutions by one fifth in the next five years.